Recent News
On December 2, 2025 the company filed a Regulation FD disclosure announcing a transaction and scheduled an investor presentation and call for December 3, 2025; the filing emphasized forward-looking statements and clarified the release did not constitute an offer of securities.
Technical Analysis
ADX registers 50.4, indicating a very strong price trend in place; ADX provides only trend strength, not direction.
DI+ shows an increasing trajectory while DI- trends lower, a combination that reads as bullish directional pressure relative to recent price action.
MACD presents a dip-and-reversal pattern, signaling bullish momentum emergence; MACD remains negative at -1.93 and sits below the signal line (-1.80), so momentum improved but a confirming crossover has not yet occurred.
MRO sits at -38.72, indicating the price sits materially below the oscillator’s target and therefore implies notable upside potential if momentum continues to normalize.
RSI at 37.12 and decreasing reflects short-term bearish pressure and proximity to oversold territory, which supports the plausibility of a technical bounce rather than conviction of an extended rally.
Price trades below short-, medium- and long-term averages: 12-day EMA $17.53, 20-day average $17.42, 50-day average $22.51 and 200-day average $30.30; this places current price inside a longer-term downtrend despite the early momentum shift.
Ichimoku components place the price beneath the cloud (Tenkan $18.66; Kijun $21.45; Senkou A $24.72; Senkou B $25.03), reinforcing resistance overhead. Bollinger bands show the quote near the lower 1× standard-deviation band ($15.96), consistent with a mean-reversion setup. SuperTrend upper boundary ($19.56) sits above the market and acts as immediate tactical resistance.
Volume sits below the 10-day average (1,226,982 vs. 1,545,577) but above the 200-day average (986,976), implying uneven participation in the recent move and the need for higher conviction to sustain gains.
Fundamental Analysis
Profitability compresses: operating margin (return on sales) registers 1.43%, a decline of -79.36% quarter-over-quarter and -66.68% year-over-year. EBIT stands at $5,196,000 with an EBIT margin of 1.43%, well below the industry peer mean of 27.27% and industry peer median of 26.73%.
Top-line dynamics show modest YoY revenue growth of +2.99% but a severe QoQ contraction of -62.68%, signaling uneven seasonal or timing effects on revenue recognition this period. Gross margin equals 24.95%, modest but below the industry peer mean of 42.20%.
Earnings per share matched expectations (EPS $0.31 versus estimate $0.31; surprise near -0.57%), while trailing PE stands at 93.32 and forward PE at 68.91, reflecting high multiples on modest absolute earnings.
Balance-sheet and liquidity: market cap totals roughly $2.07B with net debt of about $1.57B, producing elevated leverage. Debt-to-EBITDA reads 46.7 and debt-to-equity equals 2.81x; interest coverage near 0.16 signals very limited ability to cover interest from operating income. Cash and short-term investments total $89.72M and the current ratio registers 1.15.
Operating cash flow $41.02M and free cash flow $32.15M produce a free-cash-flow yield of 1.56%, marginally above the industry peer mean of 1.36% but not large enough to offset leverage and margin pressure. Asset turnover sits at 0.096, below the industry peer mean of 0.197, indicating lower revenue generation per dollar of assets.
WMDST values the stock as under-valued. That determination sits alongside elevated traditional multiples (trailing and forward P/E, enterprise multiple ~99.77) and substantial leverage; the under-valued assessment appears driven by positive free cash flow yield and low current market pricing relative to WMDST’s valuation model rather than by near-term operating strength.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-04 |
| NEXT REPORT DATE: | 2026-02-03 |
| CASH FLOW | Begin Period Cash Flow | $ 383.7 M |
| Operating Cash Flow | $ 41.0 M | |
| Capital Expenditures | $ -8.86 M | |
| Change In Working Capital | $ 15.4 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -57.76 M | |
| End Period Cash Flow | $ 325.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 362.6 M | |
| Forward Revenue | $ -175.53 M | |
| COSTS | ||
| Cost Of Revenue | $ 272.1 M | |
| Depreciation | $ 1.6 M | |
| Depreciation and Amortization | $ 32.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 357.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 90.5 M | |
| EBITDA | $ 37.2 M | |
| EBIT | $ 5.2 M | |
| Operating Income | $ 5.2 M | |
| Interest Income | $ -31.13 M | |
| Interest Expense | — | |
| Net Interest Income | $ -31.13 M | |
| Income Before Tax | $ -30.24 M | |
| Tax Provision | — | |
| Tax Rate | — | |
| Net Income | $ -18.73 M | |
| Net Income From Continuing Operations | $ -30.24 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.31 | |
| EPS Actual | $ 0.31 | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | -0.57 % | |
| Forward EPS | $ 0.51 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.8 B | |
| Intangible Assets | $ 2.5 B | |
| Net Tangible Assets | $ -1.91 B | |
| Total Current Assets | $ 1.1 B | |
| Cash and Short-Term Investments | $ 89.7 M | |
| Cash | $ 89.7 M | |
| Net Receivables | $ 346.5 M | |
| Inventory | — | |
| Long-Term Investments | $ 68.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 68.7 M | |
| Short-Term Debt | $ 27.1 M | |
| Total Current Liabilities | $ 959.7 M | |
| Net Debt | $ 1.6 B | |
| Total Debt | $ 1.7 B | |
| Total Liabilities | $ 2.7 B | |
| EQUITY | ||
| Total Equity | $ 619.7 M | |
| Retained Earnings | $ -219.38 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 8.68 | |
| Shares Outstanding | 71.417 M | |
| Revenue Per-Share | $ 5.08 | |
| VALUATION | Market Capitalization | $ 2.1 B |
| Enterprise Value | $ 3.7 B | |
| Enterprise Multiple | 99.774 | |
| Enterprise Multiple QoQ | 27.16 % | |
| Enterprise Multiple YoY | 32.117 % | |
| Enterprise Multiple IPRWA | high: 189.281 BWIN: 99.774 mean: 74.955 median: 68.864 low: -31.078 |
|
| EV/R | 10.246 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 6.122 | |
| Asset To Liability | 1.423 | |
| Debt To Capital | 0.737 | |
| Debt To Assets | 0.458 | |
| Debt To Assets QoQ | 0.562 % | |
| Debt To Assets YoY | 653.517 % | |
| Debt To Assets IPRWA | high: 1.606 median: 0.73 mean: 0.702 BWIN: 0.458 low: 0.003 |
|
| Debt To Equity | 2.807 | |
| Debt To Equity QoQ | 3.865 % | |
| Debt To Equity YoY | 676.027 % | |
| Debt To Equity IPRWA | high: 13.542 BWIN: 2.807 median: 0.265 mean: 0.214 low: -13.223 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.334 | |
| Price To Book QoQ | -19.409 % | |
| Price To Book YoY | -38.108 % | |
| Price To Book IPRWA | high: 33.181 median: 6.391 BWIN: 3.334 mean: 1.046 low: -22.92 |
|
| Price To Earnings (P/E) | 93.318 | |
| Price To Earnings QoQ | -2.174 % | |
| Price To Earnings YoY | -35.148 % | |
| Price To Earnings IPRWA | high: 357.224 BWIN: 93.318 mean: 92.707 median: 92.027 low: -85.409 |
|
| PE/G Ratio | -3.563 | |
| Price To Sales (P/S) | 5.698 | |
| Price To Sales QoQ | -18.274 % | |
| Price To Sales YoY | -40.298 % | |
| Price To Sales IPRWA | high: 30.539 mean: 17.518 median: 17.023 BWIN: 5.698 low: 0.325 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 68.915 | |
| Forward PE/G | -2.631 | |
| Forward P/S | -12.196 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 25.593 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.096 | |
| Asset Turnover Ratio QoQ | -6.269 % | |
| Asset Turnover Ratio YoY | 3.416 % | |
| Asset Turnover Ratio IPRWA | high: 0.723 mean: 0.197 median: 0.164 BWIN: 0.096 low: 0.056 |
|
| Receivables Turnover | 1.042 | |
| Receivables Turnover Ratio QoQ | -5.23 % | |
| Receivables Turnover Ratio YoY | 119.958 % | |
| Receivables Turnover Ratio IPRWA | high: 44.676 mean: 9.344 median: 4.611 low: 1.185 BWIN: 1.042 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 87.586 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 63.737 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 77.037 BWIN: 63.737 median: 4.037 mean: 2.606 low: -73.834 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.475 | |
| CapEx To Revenue | -0.024 | |
| CapEx To Depreciation | -5.375 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.3 B | |
| Net Invested Capital | $ 2.3 B | |
| Invested Capital | $ 2.3 B | |
| Net Tangible Assets | $ -1.91 B | |
| Net Working Capital | $ 146.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.093 | |
| Current Ratio | 1.153 | |
| Current Ratio QoQ | -6.328 % | |
| Current Ratio YoY | 17.225 % | |
| Current Ratio IPRWA | high: 3.125 BWIN: 1.153 median: 1.0 mean: 0.992 low: 0.031 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 46.704 | |
| Cost Of Debt | 1.447 % | |
| Interest Coverage Ratio | 0.165 | |
| Interest Coverage Ratio QoQ | -80.002 % | |
| Interest Coverage Ratio YoY | -64.051 % | |
| Interest Coverage Ratio IPRWA | high: 45.223 mean: 8.882 median: 5.825 BWIN: 0.165 low: -5.084 |
|
| Operating Cash Flow Ratio | 0.014 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 23.85 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.465 % | |
| Revenue Growth | -3.126 % | |
| Revenue Growth QoQ | -62.679 % | |
| Revenue Growth YoY | 299.744 % | |
| Revenue Growth IPRWA | high: 26.865 % median: 2.484 % mean: 2.091 % BWIN: -3.126 % low: -13.106 % |
|
| Earnings Growth | -26.19 % | |
| Earnings Growth QoQ | -25.986 % | |
| Earnings Growth YoY | 790.513 % | |
| Earnings Growth IPRWA | high: 114.563 % mean: 6.113 % median: 0.94 % BWIN: -26.19 % low: -175.0 % |
|
| MARGINS | ||
| Gross Margin | 24.949 % | |
| Gross Margin QoQ | -11.277 % | |
| Gross Margin YoY | -5.643 % | |
| Gross Margin IPRWA | high: 86.593 % mean: 42.2 % median: 41.646 % BWIN: 24.949 % low: 8.241 % |
|
| EBIT Margin | 1.433 % | |
| EBIT Margin QoQ | -79.358 % | |
| EBIT Margin YoY | -66.682 % | |
| EBIT Margin IPRWA | high: 52.4 % mean: 27.269 % median: 26.729 % BWIN: 1.433 % low: -25.213 % |
|
| Return On Sales (ROS) | 1.433 % | |
| Return On Sales QoQ | -79.358 % | |
| Return On Sales YoY | -66.682 % | |
| Return On Sales IPRWA | high: 47.382 % mean: 27.499 % median: 26.729 % BWIN: 1.433 % low: -27.119 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 32.2 M | |
| Free Cash Flow Yield | 1.556 % | |
| Free Cash Flow Yield QoQ | -244.475 % | |
| Free Cash Flow Yield YoY | -717.46 % | |
| Free Cash Flow Yield IPRWA | high: 10.115 % BWIN: 1.556 % mean: 1.362 % median: 1.118 % low: -12.37 % |
|
| Free Cash Growth | -214.432 % | |
| Free Cash Growth QoQ | 248.868 % | |
| Free Cash Growth YoY | 92.271 % | |
| Free Cash Growth IPRWA | high: 271.747 % mean: 40.279 % median: 29.31 % BWIN: -214.432 % low: -516.758 % |
|
| Free Cash To Net Income | -1.717 | |
| Cash Flow Margin | 3.642 % | |
| Cash Flow To Earnings | -0.705 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | -0.497 % | |
| Return On Assets QoQ | 471.264 % | |
| Return On Assets YoY | 114.224 % | |
| Return On Assets IPRWA | high: 8.233 % mean: 2.918 % median: 2.639 % BWIN: -0.497 % low: -8.455 % |
|
| Return On Capital Employed (ROCE) | 0.183 % | |
| Return On Equity (ROE) | -0.03 | |
| Return On Equity QoQ | 501.992 % | |
| Return On Equity YoY | 114.783 % | |
| Return On Equity IPRWA | high: 0.405 median: 0.05 mean: 0.027 BWIN: -0.03 low: -0.352 |
|
| DuPont ROE | -2.995 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |